Risk of Higher Labor Costs Due to Minimum-Wage and Social Insurance Reforms
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 4 of 10 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In recent years, securing personnel has become increasingly difficult due to a declining working-age population and intensifying competition among companies for recruits. In these circumstances, we are strengthening efforts to create a more employee-friendly working environment and improve compensation and benefits. However, if personnel expenses increase significantly due to revisions to hourly wages, base salaries and other compensation, or amendments to the social insurance systems, this may affect the Company's operating results and financial condition.」
The declining working-age population, recruitment competition, improved employee treatment and revisions to the social insurance system continued to be disclosed as factors driving higher personnel expenses. - FY2024RestatedAnnual report
「In recent years, securing personnel has become increasingly difficult due to a declining working-age population and intensifying competition among companies for recruits. In these circumstances, we are strengthening efforts to create a more employee-friendly working environment and improve compensation and benefits. However, if personnel expenses increase significantly due to revisions to hourly wages, base salaries and other compensation, or amendments to the social insurance systems, this may affect the Company's operating results and financial condition.」
The declining working-age population, recruitment competition, improved employee treatment and revisions to the social insurance system continued to be disclosed as factors driving higher personnel expenses. - FY2022RestatedAnnual report
「In recent years, securing personnel has become increasingly difficult due to a declining working-age population and intensifying competition among companies for recruits. In these circumstances, we are strengthening efforts to create a more employee-friendly working environment and improve compensation and benefits. However, if personnel expenses increase significantly due to revisions to hourly wages, base salaries and other compensation, or amendments to the social insurance systems, this may affect the Company's operating results and financial condition.」
The declining working-age population, recruitment competition, improved employee treatment and revisions to the social insurance system continued to be disclosed as factors driving higher personnel expenses. - FY2018WorsenedAnnual report
「In recent years, securing personnel has become increasingly difficult due to a declining working-age population and intensifying competition among companies for recruits. In these circumstances, we are strengthening efforts to create a more employee-friendly working environment and improve compensation and benefits. However, if personnel expenses increase significantly due to revisions to hourly wages, base salaries and other compensation, or amendments to the social insurance systems, this may affect the Company's operating results and financial condition.」
In addition to the previously disclosed risks from revisions to the minimum wage and social insurance systems, the company explicitly identified the tightening labor supply caused by a declining working-age population and intensifying recruitment competition, and higher personnel expenses resulting from reviews of hourly wages and base salaries. - FY2017First statedAnnual report
「If personnel expenses increase significantly due to legal amendments, including revisions to the minimum wage and social insurance systems, this may affect the Company's operating results and financial condition.」
The risk of higher personnel expenses due to revisions to the minimum wage and social insurance systems was disclosed.